accounts

  1. P

    Liquidation nightmare

    Good evening. I’ll try and keep this brief. We had to put our limited company (2 directors) into liquidation at the beginning of 2023. Accounts were done and submitted for beginning 2021 and done but not submitted for beginning of 2022. The most recent accounts (not submitted)had a OD DLA £4k...
  2. The Future of Expense Management: Why Businesses Are Moving Away from Traditional Credit Cards

    The Future of Expense Management: Why Businesses Are Moving Away from Traditional Credit Cards

    For many years, conventional corporate credit cards were the default method for managing business expenses—covering everything from team lunches to flights and hotel stays. However, as companies become more cost-conscious and digitally connected, they’re discovering that traditional credit cards...
  3. T

    Bibby factoring finance

    Hello, I am in need of some advice, after 2 years of starting the business I came into contact with 2x contracts which paid on a 3 month term period, the issue occurred when I had to pay for outgoings which at times could be in the thousand carrying out new build groundwork, with outgoing being...
  4. Connor72

    Thinking of starting a small ltd company

    I work in construction for a small company, I have came across an opportunity to make some extra money by investing in some products to hire out for a long term project on the side . it wouldn't be a massive turnover possibly £1-2000 per year this could also be topped up with some other jobs...
    • Connor72
    • Thread
    • accounts business-planning small-businesses tax
    • Replies: 8
    • Forum: Start Up Space
  5. A

    Working With A Bookkeeper

    Considering the option of outsourcing the bookkeeping . The one thing I cant 'get my head around' is a safe way of working as regards paying our suppliers. If the bookkeeper is just going to give me a monthly list of confirmed payments to make, then this still requires the business to have some...
  6. N

    VAT Treatment on Debt Collection Fees

    We sent an invoice to debt collection, and the invoice has been paid, along with the debt collection fees on top. When sending a VAT invoice to our customer that paid all of the above, how do we account for the debt collection fees? We currently use a debt collection agency based in Poland so we...
  7. Essential financial year-end admin for small businesses

    Essential financial year-end admin for small businesses

    6th April marks the beginning of the 2025/26 tax year, bringing with it a host of responsibilities for business owners. Whether your business’ financial year is in line with these timings, or your accounts run to a different point in the calendar, here are the essential tasks for every business...
  8. S

    Company using old superseded guarantor forms

    Hi, Our business is entering liquidation and one of our creditors are attempting to use the personal guarantee of someone who signed an account form back in 2022. No account was opened against this form and I have proof of that. I was then sent new account forms in 2023 by the accounts...
  9. Managing your finances: a simple guide to bookkeeping for small business owners

    Managing your finances: a simple guide to bookkeeping for small business owners

    Running your own business is an exciting venture, but it comes with its set of challenges, one of which is managing your finances. While the world of accounts and business finance might seem daunting, especially if you’re not a numbers person, fear not. This guide will walk you through the...
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